The Finance Manager reports to the Executive Director and is responsible for CAAS's overall financial management and records. S/he works with the ED to ensure the function and financial strength and stability of the organization, and is part of the leadership team. S/he ensures that CAAS finances are managed and maintained consistent with the financial standards set by the organization, and generally accepted accounting principles in the US, and for ensuring that the requirements of investors, funders and contracting agencies are met.
This expected start date for this position is June 1.
Administer and coordinate annual budget formation process. Work with the ED, Treasurer and Finance committee to identify and monitor financial performance goals.
Prepare and present monthly financial reports for the ED, program directors, and the Board; manage forecasting, cash flow analysis, and other reports as required.
Evaluate and oversee CAAS's financial policies, procedures and internal controls; ensure accurate financial reporting and fiscal compliance.
Oversee CAAS's annual Single-Audit/Uniform Guidance audit, 9990, grantor fiscal reviews, and monitoring evaluations. Serve as key liaison to federal and state grantor fiscal officers, external audit firms, and Finance Committee.
As a member of the leadership team, provide financial lens to strategic planning and decision making processes.
Administer the fiscal performance review of CAAS programs and ensure compliance with GAAP and grantor regulations; monitor organizational and departmental budget vs actuals in conjunction with the ED and program directors.
Maintain accurate general ledger, and oversee general financial functions including AP/AR, general journal entries, month-end closing, cost allocations and payroll process.
Supervise payroll processing and ensure appropriate budgetary allocations; manage relationship with payroll vendor.
Prepare government grant invoices and drawdowns and complete all required financial and compliance reporting.
Overssee CAAS's procurement and inventory process including maintaining records, using cost-effective buying practices, reviewing responses to rfp's, and ensuring security of portable equipment and fixed assets inventory.
Ensure accuracy, maintenance and effectiveness of CAAS's document retention and disposal schedule, and maintain record keeping security systems.
Develop, document, implement, monitor and update as necessary best practice nonprofit fund accounting procedures and practices for CAAS.
Monitor effects of changes in public laws, regulations and programs, risk management, contracts with third parties, and reporting requirements for CAAS's fiscal operations.
Provide supervision and support to direct reports that promotes their professional growth.
Bachelor's degree in accounting, business, fiscal management, or a field related to the work of CAAS. (CPA preferred)
Fiver years' experience as an accounting manager or controller
Working knowledge of non-profit organization accounting procedures and generally accepted accounting principles in the U.S.
Demonstrated knowledge of business and non-profit administration practices and procedures.
Experience in budgeting, budget analysis, general ledger, payroll and benefits administration.
Experience administering federal grants required; experience with Head Start and Community Services Block Grant programs a plus.
Strong oral and written communication skills
Demonstrated initiative and problem-solving skills.
Excellent interpersonal skills.
High software aptitude and computer skills, including Excel, Google and QuickBooks.
Telecommuting is allowed.
Additional Salary Information: Generous benefits, with the possibility of some schedule flexibility
About Community Action Agency of Somerville
The Community Action Agency of Somerville (CAAS) is a private not-for-profit organization that has served low-income Somerville residents since 1981. CAAS delivers community-based human services while bringing people and organizations together to change the conditions that cause and perpetuate poverty.